All news – Page 987
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NewsMalaysia lockdown curtails regional air travel
Travel restrictions are closing in on Southeast Asia, as Malaysia imposes a partial lockdown after seeing a recent spike in coronavirus cases. From 18 to 31 March, citizens are restricted from leaving the country, while foreign visitors and tourists will be denied entry. Nearly all business, government offices and schools ...
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NewsAir NZ cuts trans-Tasman capacity by 80%
Air New Zealand is making cuts to its trans-Tasman network that will reduce capacity by 80%, starting from 30 March to 30 June. The changes are a result of the impact of the coronavirus outbreak on travel demand, the carrier says. Carriers flying trans-Tasman routes, February 2020 ...
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NewsCoronavirus costs Cathay HK$2 billion in February
Cathay Pacific made an unaudited loss of more than HK$2 billion ($257 million) in February, as it takes a hit from the coronavirus outbreak. Meanwhile, Singapore Airlines saw falling passenger numbers for the month, and warns of weakened travel demand in the near term.
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NewsL-39NG passes key fuselage strength test
Aero Vodochody’s L-39NG has passed fuselage strength tests, as the company works towards certification of the advanced jet trainer. Using the fuselage of aircraft 7002, which is earmarked for static trials, the test saw the structure initially taken to the limit load, which corresponds to the maximum possible load during ...
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NewsQantas to ground nearly entire widebody fleet, cut capacity further
Australia’s Qantas Group will ground 150 aircraft — including “almost all” of its widebody fleet —amid deeper capacity cuts across both its international and domestic networks.
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NewsBOC Aviation to acquire six Cathay 777s under sale-and-leaseback
Cathay Pacific and BOC Aviation have agreed a sale-and-leaseback which will cover six Boeing 777-300ER jets. The Hong Kong-based carrier warned on 11 March that it expects to incur a “substantial loss” over the first half of this year and that its liquidity position would be “adversely impacted” by plummeting ...
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NewsUS Army chooses Bell and Sikorsky-Boeing team for FLRAA competition
The US Army has awarded Bell and a Sikorsky-Boeing team Competitive Demonstration and Risk Reduction contracts for the next stage of its Future Long Range Air Assault (FLRAA) programme.
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NewsUS Air Force adds two AT-6 light attack aircraft to continued experiment
The US Air Force (USAF) has purchased for $70.2 million two Textron Aviation Beechcraft AT-6 Wolverine aircraft for its continued light attack experiment.
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AnalysisPandemic heaps fresh pressure on Boeing as 737 Max grounding continues
The coronavirus pandemic, combined with the 737 Max grounding, could leave Boeing facing challenges more significant than it has experienced in perhaps 50 years, say some aerospace analysts.
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NewsIATA: ‘urgent measures’ needed to support air cargo
The International Air Transport Association (IATA) has appealed to governments to take “urgent measures” to support cargo operations, which is instrumental to transport essential medical supplies and keep the economy functioning as airlines cut passenger service up to 75%.
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NewsUruguay to sell off controversial BAe 125-700A presidential jet
Uruguay has begun a process to auction off a British Aerospace BAe 125-700A business jet acquired in 2017 by the country’s previous government for use as a presidential transport.
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NewsTrump promises to ‘help’ US airlines
US president Donald Trump says the government will back airlines as they struggle to manage the fallout from the global coronavirus pandemic.
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NewsUS airlines ask for $50 billion in government aid
US airlines are seeking at least $50 billion in aid to support them as they manage through the coronavirus crisis that has caused a sharp drop in demand, leading to mounting losses for an industry accustomed to years of progressive profit growth.
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NewsLockheed Martin names Taiclet as CEO
Lockheed Martin’s board of directors has elected James Taiclet as its next president and chief executive.
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NewsAir Canada to request government help
Air Canada says it is retracting its financial guidance and cutting its operations as the global coronavirus pandemic hits the airlines, while asking the Canadian government to help with the financial losses it expects to suffer in the coming months.
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NewsPilots and United to ask for ‘government assistance’: Pilots union
United Airlines will ask the US government to help airlines as they suffer deep losses following the drop-off in demand as the coronavirus engulfs the industry.
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NewsEU plans 30-day travel ban and state aid framework
European Commission president Ursula von der Leyen has unveiled proposals for a 30-day restriction of travel to the European Union, as well as development of a framework for state aid to affected businesses. Von der Leyen says EU member states have been taking measures intended to reduce pressure on the ...
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NewsBank expects Lufthansa Group to make €1.5bn operating loss in 2020
Credit Suisse is forecasting that Lufthansa will make an operating loss of €1.5 billion ($1.7 billion) this year, and is advocating a move toward leasing aircraft as a means of improving the group’s cash position. The bank had previously predicted an adjusted EBIT of €2.2 billion. Source: Austrian ...
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NewsNorwegian to cancel 85% of flights and temporarily lay-off 90% of staff
Norwegian is suspending a big majority of its services and laying off 7,300 employees as it seeks to weather the coronavirus outbreak. “The Covid-19 situation is escalating by the hour and due to stagnating demand and enforced travel restrictions by authorities worldwide, Norwegian will gradually cancel most of its flights ...
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NewsVirgin Atlantic to cut 80% of flights and ground 75-85% of fleet
Virgin Atlantic will reduce its flight schedule by 80% and park three-quarters of its fleet by 26 March, in addition to asking staff to take eight weeks of unpaid leave as it seeks to conserve cash and safeguard its future. The UK carrier says it is taking the “drastic measures” ...